RHB Bank's Business Term Loan - We "reviewed" it for you!

With so many comparison websites claiming objectivity, we decided it was time to add our perspective.

Across markets from the U.S. to Australia, regulators highlight that comparison websites often prioritize results based on payments, not necessarily what’s best for the borrower. What looks like an unbiased comparison is usually a curated list bought by those who pay the most—many are nothing more than sponsored listing sites, serving the advertisers that pay them. So, you are actually browsing for advertistment.

While information like credit card rewards is easy to verify, loan amounts and interest rates are highly personal. They differ for each person’s credit score & profile. The rates you see online are usually just teaser rates. And in many countries, regulators are suing these sites for clickbaiting consumers or issuing public warnings. Even some are "admitting" that they have been misleading consumers. 

Credit: Head of Lendingpot. Ironically, Lendingpot seems to expose its own practices. For more of their contradiction, click the link to see or to join the conversation. After we pointed out conflicts of interest in lender-owned brokers, the same talking point appeared months later—even though they’re under IFS Capital & PhilipCapital. It could be independent thinking, but the resemblance feels a little too close.

Don't catch the irony? Let's make it more obvious: 

These platforms often publish “this loan vs. that loan.” But can they really test ten loans by borrowing and repaying each one? A flashy 1% on $3,000 isn’t useful if your target is $15,000. In the U.K., laws requires 51% of consumers to qualify for the advertised rate. Singapore lacks this safeguard. Here’s the bigger problem: if you had taken a loan from a “comparison” platform’s suggestion without exploring further options, you might have lost thousands. Another bank could have been the cheaper choice. We’ve described exactly how this works in the article above.

And that’s why we built FindTheLoan.com, Singapore’s 1st loan marketplace. Instead of teaser rates or applying with multiple lenders separately, you can reach many lenders at once with your actual documents. They’ll make a full credit assessment as if you had gone in individually, then return with their real offer.

If something doesn’t seem right or you think we need stricter advertising laws, let us know your view on Facebook, Reddit, TikTok or LinkedIn. More voices increase the chance that policymakers finally act. Every comment, repost, or show of support counts.

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